Is 49058, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 49058 has remained a Seller's Market.
Key Takeaway
49058 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 49058, MI
How much do homes in 49058, MI cost?
Median Sold Price
$219,950
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 49058 have sold for 4.4% less than they did a year ago.
Summary: The median home sold price in 49058 was $219,950 in March 2024, down 4.4% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $80K | $129K | +61.3% |
| 2 Bedrooms | $169K | $172.2K | +1.9% |
| 3 Bedrooms | $220.5K | $220K | -0.2% |
| 4 Bedrooms | $282K | $231.5K | -17.9% |
| 5+ Bedrooms | $321K | $300K | -6.5% |
Summary: 49058 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 61.3%, 2 bedroom homes increased by 1.9%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes decreased by 17.9%, and 5+ bedroom homes decreased by 6.5%.
Housing Supply in 49058, MI
How many homes are available in 49058, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 39 | 43 | +10.3% |
Summary: The 49058 real estate market had 43 homes for sale in March 2024, a 10.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 19 | 20 | +5.3% |
| 4 Bedrooms | 11 | 11 | 0.0% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The 49058 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 5.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 10 | -9.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 49058, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 49058 in March 2024, down by 9.1% month-over-month. Of the 10 sold homes, 50% were sold under asking, 30% were sold at asking, and 20% were sold over asking.
Days on Market for 49058, MI
How long does it take to sell a home in 49058, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 35 Days | 37 Days | +4.9% |
Summary: Homes in 49058 had an average of 37 days on market in Mar 2024, up by 4.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 49058 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 10 homes were sold in 49058; 50% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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